Sony Europe President: Price-Cut PS3 Model Will Disappear Soon

David Reeves, president of Sony Computer Entertainment Europe, says that Sony’s recent was-it-or-wasn’t-it-a-price-cut maneuvering on the PlayStation 3 won’t last long.

He told GamesIndustry.biz yesterday at E3 that Sony was just going to run down its stock of 60 GB units, then make the new $600, 80 GB, feature-cut model the only one on shelves. What’s more, stocks of the old model, which was cut in price to $500 this week, "will be gone by the end of July."

This is exactly what I was saying when this was announced, although I certainly didn’t predict they’d be gone so soon.